on Eurobattery Minerals AB
Eurobattery Minerals Launches Subscription Period for Rights Issue
Eurobattery Minerals AB has commenced the subscription period for its SEK 35.5 million rights issue following approval by an Extraordinary General Meeting. The period starts today and concludes on November 13, 2024. If oversubscribed, an over-allotment could increase this by an additional SEK 10 million. CEO Roberto García Martínez discussed recent achievements and future plans for the company's projects in a video interview available online.
Key developments of 2024 include the application for an environmental permit at the Hautalampi project, aiming for its classification as a European Strategic Project. Eurobattery also reached a conditional deal with Boliden for the purchase of copper concentrates from Hautalampi. The rights issue terms offer a subscription price of SEK 0.70 per unit, with the unit comprising shares and warrants.
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